Our InsightsKeep your business relevant and compliant with our carefully selected news and legislative updates below.
Posts Tagged: energy
As most people are now painfully aware, the cost of energy is set to increase year on year. The winter period tends to be a particularly expensive time as the cold weather increases the demand for energy for heating, meaning that prices will rise.
A number of factors that cause energy...Read more
During the last five years, we have seen a growing demand from businesses who want to help improve their sustainability through energy efficiency. Whether it is installing new energy connections, becoming more energy efficient or simply developing a greater understanding as to how energy costs and regulation impact their businesses,...Read more
Ofgem have announced a major regulation change which will impact the cost of your business’ electricity bills and may affect when you use electricity. This new regulation is called DCP 228 and is one of the latest regulations to impact DUoS (Distribution Use of System) charges and will come into effect from...Read more
Technological developments in the energy sector means that it is now possible to remotely monitor your business’ energy consumption. The technology used for measuring gas and electricity varies slightly as Liquefied Petroleum Gas (LPG) and standard gas is measured by a data logger and electricity is measured by an Automated Meter Reader...Read more
Energy legislation such as MOD 0428 and P272 have had a significant impact on the way in which suppliers present your bill, and more importantly, the way that they charge your energy to you. Your energy bills will now look very different to how they have in the past.
Our energy...Read more
Your energy bill explained
The unit rate on your electricity bill is divided into two main elements; the wholesale costs of electricity (the commodity) and non-commodity costs. The wholesale element makes up approximately 48% of your electricity unit rate while the remaining 52% consists of a number of different government levies,...Read more
We are now emerging from the winter months where energy prices have been at a peak. As we move into spring / summer we would usually expect to see a slight easing on pricing as consumption reduces in the warmer months. However, with continual volatility surrounding "Brexit" and the political situation...Read more
...and we’re not just talking about the new tax year! 1st April 2017 marks the implementation deadline for P272 legislation.
What is P272?
In simple terms, this legislation changes how suppliers will settle power consumption and enforce Half Hourly (HH) metering where required. The legislation applies to all maximum demand meters with...Read more
With the non-commodity and government levy components of the overall electricity price set to rise exponentially over the next few years, it is becoming increasingly important that businesses take active steps to reduce energy use.
It is unlikely that securing the most competitive energy pricing alone is enough to protect your business' bottom line. To secure future financial...Read more